OFF MARKET

705 Maitland Road
Cressy TAS 7302

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 925300m2
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Property Details for 705 Maitland Rd, Cressy

Building Type
Land
Land Size
925300m2
Local Government
Northern Midlands
Lot/Plan
1/27026

Last Listing description (March 2021)

"Mount Vernon" presents a unique opportunity to acquire a land holding of 411 Hectares in a single acquisition. Comprising 4 titles fronting Maitland Lane and Freelands Lane, the property will be highly sought after by new agri-investors or those looking to expand existing holdings.
Located midway between Longford & Cressy, the property is less than 20 minutes to Launceston Airport & City Centre, and 7 minutes to Longford.
The property has operated for the past 20 years on a sustainable cropping basis free of potato, carrot & onion production.

The property is traversed by channels from the irrigation scheme incl Back Creek & West 2 Channel, incorp some 544 megalitres of water directly from the scheme.
Buildings include a modest cottage steeped in history and stories aswell as a shearing shed, stables & airstrip etc.

Expressions of Interest Closing Friday 22 January 2021 at 4pm.

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Property History for 705 Maitland Rd, Cressy, TAS 7302

A timeline of how this property has performed in the market
Last Sold
$180,000
20 Apr 2000
  • 09 Dec 2020
    Listed for Sale Expressions of Interest
  • 20 Mar 2012
    Listed for Sale AUCTION
  • 20 Apr 2000
    Sold for $180,000
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About Cressy 7302

The size of Cressy is approximately 585.1 square kilometres. It has 5 parks covering nearly 9.1% of total area. The population of Cressy in 2011 was 1,403 people. By 2016 the population was 1,131 showing a population decline of 19.4% in the area during that time. The predominant age group in Cressy is 0-9 years. Households in Cressy are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Cressy work in a managers occupation. In 2011, 68.1% of the homes in Cressy were owner-occupied compared with 66% in 2016.

Cressy has 579 properties. Over the last 5 years, Houses in Cressy have seen a 82.16% increase in median value. As at 31 October 2024:

  • The median value for Houses in Cressy is $409,127 while the median value for Units is $397,826.
  • Houses have a median rent of $420.
There are currently 5 properties listed for sale, and no properties listed for rent in Cressy on OnTheHouse. According to CoreLogic's data, 26 properties were sold in the past 12 months in Cressy.

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